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HomeMy WebLinkAbout2015-03-23 15-110 ORDERCOUNCIL ACTION Item No. 15-110 Date: March 23, 2015 Item/Subject: ORDER, Approving An Amendment to a Lease Agreement with JSI Store Fixtures, Inc. (Tax Map R09 -007-D) Responsible Department: Community & Economic Development Commentary: This Order will authorize the execution of an amendment to a Lease with JSI Store Fixtures, Inc. at 110 Hildreth St. JSI will expand the amount of building space leased; extend the lease term to December 31, 2016; increase the lease amount; and increase the pro rata share of occupancy costs by the percentage of leased area. All other terms and conditions will remain the same. This item was reviewed and recommended for approval by the Business & Economic Development Committee at its March 17, 2015 meeting. Tanya Emery Department Head Manager's Comments: City Man r Associated Information: Order Budget Approval: Finance Director Legal Approval: City Solicitor Introduced for X Passage First Reading Page _ of Referral Assigned to Councilor Baldacci CITY OF BANGOR 15-11.0 MARCH 23, 2015 (TITLE.) ORDER, Approving An Amendment to a Lease Agreement with JSI Store Fixtures, Inc. (Tax Map R09 -007-D) WHEREAS, JSI Store Fixtures, Inc. has leased space at 110 Hildreth St., Bangor since December, 2013; and WHEREAS, JSI Store Fixtures, Inc., would like to expand its leased area; and WHEREAS, JSI Store Fixtures, Inc.'s growth is creating new employment opportunites: BE IT ORDERED BY THE CITY COUNCIL OF THE CITY OF BANGOR THAT the City Manager is authorized to execute an amendment to a lease agreement with JSI Store Fixtures, Inc. which will expand the amount of building space leased; extend the term to December 31, 2016; increase the lease amount; and increase the pro rata share of occupancy costs by the percentage of leased area. All other terms and conditions will remain the same. IN CITY COUNCIL MARCH 23, 2015 PASSED AJ CITY CLERK